Daily SPAC Update – June 27, 2025

by | Jun 27, 2025

Two More SPAC IPOs, but June Fails to Match May’s Surge. Iron Horse Extends and Gets Deal Approved. Winvest + Xtribe Deal Vote.

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Daily SPAC Update

MAY’S SPAC SURGE COOLS IN JUNE

SPAC IPO count and issuance update

After a sharp uptick in May SPAC activity—featuring over $5B in issuance and more than 20 IPOs—June saw a noticeable cooldown. Issuance volume dropped by nearly two-thirds, and IPO count slipped back to pre-surge levels. While May hinted at a potential SPAC market revival, June’s pullback suggests the rally may have been short-lived or met with cautious investor sentiment.

SPAC VOTE RESULTS
IROH – IRON HORSE ACQUISITIONS CORP * Extend to Jun 29, 2026
IROH – IRON HORSE ACQUISITIONS CORP * Deal Approved with Rosey Sea Holdings / Zhong Guo Liang Tou Group * 6,751,349 redeemed

MERGER VOTES
WINV – Winvest Acquisition Corp Xtribe P.L.C.
Xtribe P.L.C. is a technology company that operates a digital platform that aims to connect buyers and sellers. Through its advanced features and commitment to sustainability, Xtribe aims to empower businesses, foster economic growth, and create a vibrant and inclusive online community.

EXTENSION VOTES
BKHA – BLACK HAWK ACQUISITION CORP * extend to December 22, 2026
FORL – FOUR LEAF ACQUISITION CORP * extend to June 22, 2026

OTHER SPAC NEWS
IGTA – INCEPTION GROWTH ACQUISITION LTD * Trust Update * trust $12.09
GMFI – AETHERIUM ACQUISITION CORP * Vote Postponed
IGTA – INCEPTION GROWTH ACQUISITION LTD * Vote Postponed

SEPARATE WARRANTS/RIGHTS
Jun 30: EGH ACQUISITION CORP (EGHA)

DeSPACs
Jun 26: RCFAF DeSPAC to Blue Gold Holdings Limited (BGL)

NEW SPAC IPOs
Jun 27: FIGX – Figx Capital Acquisition Corp. $131M IPO
Jun 27: YORK – Yorkville Acquisition Corp. $150M IPO
Jun 25: LWAC – Lightwave Acquisition Corp. $187.5M IPO
Jun 25: OBA – Oxley Bridge Acquisition $220M IPO

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-06-25: EVGR + Forekast Limited

SPAC LATE 10-K FILINGS
UYSC – Uy Scuti Acquisition Corp : Late 10-K

SPAC DEALS ANNOUNCED
Jun 25 | LPAA – Launch One Acquisition Corp + Minovia Therapeutics Ltd

ABOUT Minovia Therapeutics Ltd
Minovia, chaired by John Cox, is a company working on treatments to augment defective mitochondria with new healthy mitochondria, helping people with mitochondrial diseases and fighting aging. Its lead product, MNV-201, is already being tested in clinical trials for Pearson Syndrome and Myelodysplastic Syndrome. Minovia is also developing ways to potentially help people live longer, healthier lives. Based in Haifa, Israel, with a factory for its therapy, Minovia is expanding to the U.S.

Jun 23 | CCCM – Columbus Circle Capital Corp I + ProCap BTC, LLC

ABOUT ProCap BTC, LLC
ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
6.33% ~ $ 13.94 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
5.11% ~ $ 9.88 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
4.06% ~ $ 13.60 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
3.25% ~ $ 8.27 | CHEB – CHENGHE ACQUISITION II CO (Announced)
2.38% ~ $ 10.32 | JACS – JACKSON ACQUISITION CO II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.57% ~ $ 8.70 | BOWN – BOWEN ACQUISITION CORP (Announced)
-13.31% ~ $ 9.44 | JVSA – JVSPAC ACQUISITION CORP (Announced)
-6.60% ~ $ 28.16 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-2.40% ~ $ 12.59 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
-1.62% ~ $ 10.33 | RDAG – REPUBLIC DIGITAL ACQUISITION CO (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Jun 27 | YORK – Yorkville Acquisition Corp.
Jun 27 | FIGX – FIGX Capital Acquisition Corp.
Jun 25 | $ 10.03 | LWAC – LightWave Acquisition Corp.
Jun 25 | $ 10.02 | OBA – Oxley Bridge Acquisition
Jun 18 | $ 10.09 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.00 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.05 | BACC – Blue Acquisition Corp/Cayman
Jun 13 | $ 10.04 | BSAA – BEST SPAC I Acquistion Corp.
Jun 10 | $ 10.01 | BLUW – Blue Water Acquisition Corp. III
May 29 | $ 10.11 | JENA – JENA ACQUISITION CORPORARTION II
May 29 | $ 10.07 | WTG – Wintergreen Acquisition Corp.
May 28 | $ 10.18 | KCHV – Kochav Defense Acquisition Corp.
May 28 | $ 10.17 | CHPG – ChampionsGate Acquisition Corp

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